Thinking of getting into business with Euro MTS? Here is what you must know about this broker. Carefully read this review to find out if euromts.uk is the trading platform you will want to trade with.
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About Euro MTS Broker
Euro MTS is an offshore brokerage company with a lot of promises for traders. The broker says it is owned and operated by Dzikanta Limited with an address — Beachmont Business Centre, 158, Kingstown, Saints Vincent and the Grenadines.
Euro MTS claims to provide 24/5 trader’s support and a highest verified security.
There are different account types for forex traders like Initial for $250, Basic $2,500, Pro $25,000, Pro+ $100,000, Advanced $150,000, Pearl $200,000 and Black $250,000.
In spite the trading instruments Euro MTS claims to offer, traders must know they are dealing with an unknown broker whose reason for not accepting regulation is a red flag.
euromts.uk: Reasons to Avoid This Broker
euromts.uk is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as no financial authority recognize the broker.
Another red flag we noticed on euromts.uk is that it has no demo account for traders. Since traders can’t test Euro MTS broker on a free account, then we can’t know its viability in the forex market.
Again, this broker does not offer money back guarantee which means trading on is clearly a risk. This is a con for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Euro MTS withdrawal and fee — $50 for wire transfers, $25 for credit cards plus a processing fee of $10 and $25 for ePayments.
The broker also charges 10% deduction fee for an inactive account of 6 months.
Minimum Deposit
The recommended minimum deposit Euro MTS offers is €250.
On the payment methods, payment can be made via Debit/Credit card and Wire transfer. However, you should not consider making any payment with this broker because it is a risk. So beware!
Euro MTS Platform
Euro MTS offers web based trading software and a Meta Trader 5. The latter is the industry standard which is widely accepted for trading all sort of assets in the forex market.
Leverage can be increased up to 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Euro MTS Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Conclusion: Is euromts.uk a Reliable Broker?
euromts.uk does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
